Wynn Resorts, Limited’s (WYNN) “Neutral” Rating Reaffirmed at Instinet

Wynn Resorts, Limited (NASDAQ:WYNN)‘s stock had its “neutral” rating reiterated by Instinet in a report released on Monday, July 17th.

WYNN has been the topic of several other research reports. Vetr upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $146.26 target price on the stock in a research note on Friday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Wynn Resorts, Limited from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Deutsche Bank AG restated a “hold” rating and set a $138.00 price objective on shares of Wynn Resorts, Limited in a research report on Monday, June 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $151.00 target price (up from $133.00) on shares of Wynn Resorts, Limited in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $125.62.

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) opened at 125.63 on Monday. The company’s 50-day moving average price is $131.96 and its 200 day moving average price is $118.81. The company has a market cap of $12.81 billion, a P/E ratio of 47.02 and a beta of 1.72. Wynn Resorts, Limited has a 52 week low of $82.51 and a 52 week high of $139.67.

Wynn Resorts, Limited (NASDAQ:WYNN) last announced its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 165.77%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company earned $1.07 earnings per share. Wynn Resorts, Limited’s quarterly revenue was up 44.5% on a year-over-year basis. On average, equities analysts forecast that Wynn Resorts, Limited will post $4.89 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/08/12/wynn-resorts-limited-wynn-given-neutral-rating-at-instinet-updated-updated-updated.html.

In other news, President Matt Maddox sold 44,309 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $134.35, for a total value of $5,952,914.15. Following the transaction, the president now owns 344,895 shares of the company’s stock, valued at approximately $46,336,643.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kimmarie Sinatra sold 22,624 shares of Wynn Resorts, Limited stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $129.12, for a total transaction of $2,921,210.88. Following the completion of the transaction, the executive vice president now directly owns 221,067 shares in the company, valued at approximately $28,544,171.04. The disclosure for this sale can be found here. Insiders have sold a total of 73,309 shares of company stock worth $9,693,891 in the last three months. Insiders own 13.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in WYNN. Vanguard Group Inc. boosted its stake in Wynn Resorts, Limited by 3.1% in the second quarter. Vanguard Group Inc. now owns 8,264,810 shares of the casino operator’s stock worth $1,108,476,000 after buying an additional 246,476 shares during the period. BlackRock Inc. boosted its stake in Wynn Resorts, Limited by 5,076.4% in the first quarter. BlackRock Inc. now owns 4,945,920 shares of the casino operator’s stock worth $566,852,000 after buying an additional 4,850,373 shares during the period. State Street Corp boosted its stake in Wynn Resorts, Limited by 0.8% in the first quarter. State Street Corp now owns 3,308,320 shares of the casino operator’s stock worth $379,153,000 after buying an additional 26,867 shares during the period. OZ Management LP boosted its stake in Wynn Resorts, Limited by 24.8% in the first quarter. OZ Management LP now owns 2,132,012 shares of the casino operator’s stock worth $244,350,000 after buying an additional 423,658 shares during the period. Finally, Platinum Investment Management Ltd. boosted its stake in Wynn Resorts, Limited by 0.7% in the first quarter. Platinum Investment Management Ltd. now owns 1,724,330 shares of the casino operator’s stock worth $197,625,000 after buying an additional 11,600 shares during the period. Institutional investors own 75.06% of the company’s stock.

About Wynn Resorts, Limited

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

What are top analysts saying about Wynn Resorts Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Wynn Resorts Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit